According to a recent update from the Bahrain National Bureau for Revenue, the income and capital tax treaty with Switzerland entered into force on 27 July 2021. The treaty, signed 23 November 2019, is the first of its kind between the two countries. Taxes Covered The treaty covers Swiss federal, cantonal, and communal taxes on income and on capital, and covers Bahrain income tax payable under Amiri Decree No. 22/1979. Hydrocarbon PE The treaty includes the provision that a permanent establishment will be deemed constituted if, for a period of more than 90 days, an enterprise of one Contracting State...